WINTON GROUP Ltd Invests $2.77 Million in Netflix, Inc. (NASDAQ:NFLX)

WINTON GROUP Ltd purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,108 shares of the Internet television network’s stock, valued at approximately $2,770,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at approximately $25,000. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC increased its position in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. KeyCorp upped their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.02.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 0.6 %

NASDAQ:NFLX opened at $976.72 on Friday. The company has a 50-day moving average price of $970.22 and a 200-day moving average price of $864.96. The stock has a market cap of $417.80 billion, a price-to-earnings ratio of 49.25, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.